In this video, it is revealed that, in begin car manufacturing companies manufacture cars by hand. They do not use any machine to complete the process of manufacturing. This process takes a lot of time to produce a single car. These handmade cars were so expensive. But, Henry Ford changed the whole process of manufacturing and also made the simplest car ever. To produce care cheaply, Henry Ford changed the way a car is built. He also changed the way his workers worked. The vision of Ford was totally influenced by deficiency expert Frederick Taylor. In this way, it can be said that Ford introduced revolutionary change at that time period (Ryngoksu, 2008). On the other hand, in this video, it is also shown that, an effective time management is also essential to accomplish the goals and objectives of the organizations in a specific time period. Moreover, the management should make use of the skills and knowledge of workers in order to reduce deficiencies in an effective way. Along with this, the process of manufacturing must be easy and understandable by all the people of the organization. The workers must be well trained of the organization. Also, the organization must adopt and implement innovative ideas for the success as well as growth of the organization (Ryngoksu, 2008). Moreover, effective assembly line also plays a significant role to accomplish the goals of the organization. It is because of with the help of assembly line, an organization becomes able to assemble workers and machines in a progressive manner. In other words, it can be said that, assembly line is a major key of mass production that not only improves the productivity and efficiency of the firm but also decreases the costs of the organization. In this way, this video exposes the new as well as innovative ideas of production especially for the car manufacturing companies.
I work in an organization that is new in the market. In current, the firm is not in a profitable situation. It is because of the firm is unable to produce required products in a specific time period. Moreover, the firm is also powerless to make effective utilization of available resources and man power. The management decided to close the organization. But, after watching the video, I believe that the organization may accomplish its desired goals and objectives. There is a need of adoption and implementation of the innovative ideas that are shown in this video in order to make its position in the marketplace. The firm should make use of assembly line for the mass production in a specific time period (Ryngoksu, 2008). Moreover, the firm should also pay high compensation the hard workers. The firm must provide training to the employees to improve the productivity and to decline the cost of the organization. In current, the firm may take advantages of advanced technology in order to improve the productivity, profitability, and effectiveness of the organization in n effective and a significant manner. For this reason, I believe the major ideas that are taken out from the given video would be beneficial for the organization in order to bring revolutionary changes within organization.
In the video, “Actually, the World Isn't Flat,” Pankaj Ghemawat talks about an important concept that is globalization. In this video, it is exposed that the organization must implement a limited level of globalization in order to accomplish the desired results in an effective and a more comprehensive manner. Pankaj Ghemawat says that limited globalization level is important to be more proficient at the global level. Furthermore, it is also revealed that implementation of high level of globalization may be very harmful for the health of the organizations (Ghemawat, 2012). Along with this, the video disclosed that business organization must avoid making overstatement in order to improve the effectiveness of the organization. In today’s globalized era, people have fear that globalization is going to exacerbate that is not true. In this situation, avoiding overstatement may play a significant role in order to reduce the fear of the people or business firm that they have with reference to globalization. Overall, the main idea that is extracted in this video is the concept of globalization. The business organizations make use of globalization to accomplish their goals and objectives and to make strong position at the global level (Ghemawat, 2012). Moreover, globalization not only plays an important role in the economic development but also play a significant role in the overall development of the nations.
The ideas related with the era of globalization can be seen in lot of organizations. It is because of globalization plays a significant role to expand the business of the organization in local and global market. Wal-Mart is a retail organization that has been improved its market position with the help of globalization. Globalization gave options to Wal-Mart to improve its business by entering in the new market. Along with this, with the help of globalization, Wal-Mart became able to accomplish competitive advantages over its national as well as international competitors. The concept of globalization brings revolutionary changes for the organizations. It is because of globalization has changed the way of work of the organization (Ghemawat, 2012). Moreover, with the help of globalization, Wal-Mart improved its market existence in the global market and also established new production plants in different countries in order to provide the required products at the lowest cost to the customers at a pre-determined time period. In addition to this, globalization has provided business opportunities to the organizations. In this way, I must say that Wal-Mart is taking advantages of the globalization to improve its position and to attract as well as retain its customers in order to improve the market share & position of the firm at the global level.
Ryngoksu (2008). Ford and Taylor Scientific Management (Edited). Available At: https://www.youtube.com/watch?v=8PdmNbqtDdI [Accessed on: 7th August, 2016]
Ghemawat, P. (2012). Actually, the world isn't flat. Available At: https://www.ted.com/talks/pankaj_ghemawat_actually_the_world_isn_t_flat.html [Accessed on: 7th August, 2016]
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